WOODLAND HILLS, Calif.,
April 7, 2014 /PRNewswire/
-- GrowLife, Inc. (OTCBB: PHOT), a diversified company
operating in the legal cannabis industry which develops, markets
and deploys products and services of legal cannabis, has been
selected by Kyle Kushman and his
companies to handle national distribution of the VegaMatrix line of
nutrients and supplements. The VegaMatrix product line,
particularly the organic formulations for which Kyle Kushman is world renowned, have contributed
to a remarkable 18 different Cannabis Cup awards over the last
several years.
"Our partnership brings together two leaders in the legal
cannabis industry to support organic growers in clean crop
production and maximum yields," stated Sterling C. Scott, Chairman and CEO of GrowLife,
Inc. "We share with Kyle Kushman a
commitment to quality, organics and customer service that set the
standard for the industry. Time and again, VegaMatrix
products have proven best in class, as evidenced by the top
industry awards and accolades from its loyal following of early
stage customers. GrowLife is proud to be selected as the
exclusive U.S. distributor, and is encouraged by the strong
industry support for the VegaMatrix product line."
Nutrients and supplements for growing legal cannabis are a major
part of GrowLife's business in its retail and online sales
channels. Nutrients and supplements for the legal cannabis
industry typically represent approximately 30-40% of the reported
$1.6 billion annual sector sales in
the U.S. and consistently represent some of the highest gross
margin products in hydroponics stores across the country. GrowLife
expects to capture a minimum 3% market share with the VegaMatrix
line, focused principally on the premium quality growers, which is
already the Company's core market emphasis. The regulatory emphasis
in certain states such as Massachusetts on sustainable organic
production methods also is expected to provide clear advantages to
the VegaMatrix product line, and may on a regional basis allow much
higher market share capture.
"Our goal with VegaMatrix and our push to national distribution
with GrowLife is to continue to help customers grow healthy and
safe medicine while maximizing yield," said Kyle Kushman, Founder, Visionary and CEO of Pure
Life Veganix. "GrowLife's industry leadership, commitment to
customer service and training made them the ideal partner for us
over other distributors."
For responsive customer service and online ordering of
VEGAMATRIX products call Greners.com at 1-707-433-2333 or visit
http://www.greners.com/i/nutrients-additives/brand/vega.html or
contact jbarnes@growlifehydro.com.
For more information on Kyle
Kushman's PURE LIFE VEGANIX products please visit
http://www.purelifeveganix.com.
From time to time, GrowLife will provide market updates and news
via its websites GrowLifeInc.com, Cannabis.org or the Company's
Facebook page at
https://www.facebook.com/tellthetruthfederalgovernment
About GrowLife, Inc.
GrowLife, Inc. (PHOT) (www.growlifeinc.com) develops, markets
and deploys products and services addressing the needs of legal
cannabis growing and retail operations, including hydroponic
growing equipment and retail support software. The Company provides
these solutions in our nationwide retail network, as well as online
sites Greners.com, Phototron.com and StealthGrow.com. The Company
also operates the political and social forum, Cannabis.org
Cautionary Language Concerning Forward-Looking
Statements
This release contains "forward-looking statements" that include
information relating to future events and future financial and
operating performance. The words "may," "would," "will,"
"expect," "estimate," "can," "believe," "potential" and similar
expressions and variations thereof are intended to identify
forward-looking statements. Forward-looking statements should not
be read as a guarantee of future performance or results, and will
not necessarily be accurate indications of the times at, or by,
which that performance or those results will be achieved.
Forward-looking statements are based on information available
at the time they are made and/or management's good faith belief as
of that time with respect to future events, and are subject to
risks and uncertainties that could cause actual performance or
results to differ materially from those expressed in or suggested
by the forward-looking statements. Important factors that could
cause these differences include, but are not limited to:
fluctuations in demand for GrowLife's products, the introduction of
new products, the Company's ability to maintain customer and
strategic business relationships, the impact of competitive
products and pricing, growth in targeted markets, the adequacy of
the Company's liquidity and financial strength to support its
growth, and other information that may be detailed from
time-to-time in GrowLife's filings with the United States
Securities and Exchange Commission. Examples of such
forward-looking statements in this release include statements
regarding future sales, costs and market acceptance of products as
well as regulatory actions at the State or Federal level. For
a more detailed description of the risk factors and uncertainties
affecting GrowLife, Inc. please refer to the Company's Securities
and Exchange Commission filings, which are available at
www.sec.gov. GrowLife, Inc. undertakes no obligation to
publicly update or revise any forward-looking statements, whether
as a result of new information, future events or otherwise.
Investor Relations Contact:
Integrity Media
(702) 396-1000
kurt@integrityir.com
SOURCE GrowLife, Inc.